Refi'd to pay off son's student loan. He's complaining of the $600/mo rather than $1200 he repays us.Help.

Question

Because of co-signed loans, we'd have been in trouble because his repayment amount was in excess of $1100/mo and growing. He now has entry level mgt job with good future prospects. However, he is resentful of his monthly repayment to us. This has put an enormous strain on parent/son AND spouse relationships.

Answer 1

There are two sources for student loans -- the federal government and private lenders. In order to obtain most federal student loans, you will first need to file the Free Application for Federal Student Aid (FAFSA). A college student loan is a sum of money available to full time students, with a minimum level of interest required during the period in which they are registered as full time students.

http://www.worldbestloans.com/

Federal loan consolidation is for students who are in repayment status or parents who wish to extend the repayment period on their current PLUS and obtain a fixed interest rate for the life of the loan you can combine all of your eligible federal student loans into one loan with a Federal Consolidation Loan. Consolidating also locks the interest rate you pay on your loan.